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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net Income (Loss) $ 36,662 $ 73,721
Reconciliation of Net Income to Net Cash Provided by Operating Activities    
Depreciation Expense 28,071 25,449
Dry-dock Expenditures 0 (65)
Amortization of Deferred Finance Costs 425 939
Share-based Compensation 1,108 1,147
Other, net 196 45
Changes in Operating Assets and Liabilities:    
Accounts Receivables 3,483 (7,061)
Inventory 7,269 2,196
Prepaid Expenses and Other Current Assets (1,158) 1,040
Accounts Payable and Accrued Liabilities (1,789) (13,203)
Voyages in Progress (3,919) 14,912
Net Cash Provided by Operating Activities 70,348 99,120
Cash Flows from Investing Activities    
Investment in Vessels (313) (347)
Investment in other Fixed Assets (1,750) 0
Net Cash Used In Investing Activities (2,063) (347)
Cash Flows from Financing Activities    
Repayments on Borrowing Facility (6,040) (21,245)
Repayment of Vessel financing (10,227) (6,998)
Dividends Distributed (37,583) (31,319)
Net Cash Used in Financing Activities (53,850) (59,562)
Net Increase / (Decrease) in Cash, Cash Equivalents, and Restricted Cash 14,435 39,211
Cash, Cash Equivalents and Restricted Cash at the Beginning of Period 33,361 63,302
Effect of Exchange Rate Changes on Cash and Cash Equivalents (210) (99)
Cash, Cash Equivalents, and Restricted Cash at the End of Period 47,586 102,414
Supplemental Disclosure of Cash Flow information    
Cash and Cash Equivalents 40,758 96,480
Restricted cash 6,828 5,934
Total Cash, Cash equivalents and Restricted Cash Shown in the Statement of Cash Flows 47,586 102,414
Cash Paid for Interest, Net of Amounts Capitalized $ (15,491) $ (14,818)